Attempts are being made to rescue Lehman Brothers because a failure to save the investment bank could prompt investors to unload shares of financial companies which can affect stock markets at home and abroad. The possible buyers are the Bank of America and Barclays Plc.
The parties involved in the discussion over rescue of the troubled banks are arguing as to how to finance the bank to save it. There are reports that top officials from Federal Reserve and Treasury department along with senior Wall Street Bankers have met in New York to find a way to rescue the bank. The investment banks are trying to get some support from the government as it did in case of JP Morgan Chase & Co., to buy Bear Stearns.
Attempts are being made to rescue Lehman Brothers because a failure to save the investment bank could prompt investors to unload shares of financial companies which can affect stock markets at home and abroad. The possible buyers are the Bank of America and Barclays Plc.
The parties involved in the discussion over rescue of the troubled banks are arguing as to how to finance the bank to save it. There are reports that top officials from Federal Reserve and Treasury department along with senior Wall Street Bankers have met in New York to find a way to rescue the bank. The investment banks are trying to get some support from the government as it did in case of JP Morgan Chase & Co., to buy Bear Stearns.
Related
